Archive – Circulation Coins / Shortage

In the Philippines a shortage of coins has become regularly noticeable notwithstanding impressive masses of struck coins. But apparently those coins do not get or stay in circulation. A new bill proposes to penalise coin hoarding.
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India lacks continuously circulation coins despite higher production quotas. Although there have been various rumours about illegal coin exports, a central problem appears to be much more concrete: lack of infrastructure for distributing properly the minted coins.
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In 2009 Zimbabwe abandoned its own currency due to economical struggles. Currently Zimbabwe is asking the South African Reserve Bank if it may purchase South African money for use in commerce even though the country is not member of the Common Monetary Area.
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Although the Central Bank of Kenya denies it appears that the country is suffering of coin shortage as medias reported at the end of November 2012. It is unclear what the exact causes are, though.
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It’s a state’s duty to supply its citizens with change in order to guarantee a smooth economic life every day. In some nations this task is easy, in other nations it is very difficult. Richard Giedroyc writes about the problems India faces in supplying enough change to its citizens.
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Sri Lanka’s officials give a curious reason for the country’s continuing coin shortage: pilgrims deposit too many coins as gifts in shrines and temples especially abroad. However, people tend also to hoard coins at home instead of taking them to banks.
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Sri Lanka is suffering from coin shortage and the Central Bank has identified suspected ‘culprits’: people who hoard coins, pilgrims offering coins in shrines. But is that all? And will the new series of commemorative 10-rupee coins really help resolving this crisis? Richard Giedroyc is summarizing the situation.
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To remedy the small change shortage, Zimbabwe issued the so-called bond coins. So far, the approach has proven ineffective. That may be due to the fact that the Reserve Bank does not bring it home to the people what bond coins actually are.
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Between October 21 and 23, 2015, the Coin Conference took place in Madrid. In seven sessions, topics revolved around circulating coins. This time, we report on strategies for an ideal cash logistics as described by different central banks.
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Between October 21 and 23, 2015, the Coin Conference took place in Madrid. In seven sessions, topics around circulating coins were discussed. This time, we report on trends and present insights from new coin series from Sweden and Mexico.
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Everybody is talking about the disappearance of the small denominations. We are putting the perception to the test: How many small denominations have been abolished between 2014 and 2016? How many banknotes have been replaced by coins?
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Have you been to Spain recently? To pay at the parking garage, you can insert all your 1 and 2 Cent coins, thus feeding a lot of small denominations into circulation again. But why do Spanish vending machines accept small change while others don’t? Here you can read the answer by Erwin Wetzel, Director General of the European Vending Association.
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